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crude oil

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Gas prices are advertised at Chevron station in Los Angeles

Economy Oct 23

Chevron buys Hess Corp. for $53 billion, the 2nd oil megadeal this month as energy prices soar

By Michelle Chapman, Associated Press

World Feb 10

FILE PHOTO: A worker is seen at the central processing facility of the Rosneft-owned Priobskoye oil field outside the West Siberian ci...
Russia cuts oil output in response to Western price caps

Russia has announced it will cut oil production by 500,000 barrels per day next month after Western countries capped the price of its crude over its action in Ukraine.

By David McHugh, Vladimir Isachenkov, Associated Press

World Jan 16

COP27 climate summit in Egypt
John Kerry says he backs appointment of UAE oil chief to lead COP28 climate talks

U.S. climate envoy John Kerry backs the United Arab Emirates' decision to appoint the CEO of a state-run oil company to preside over the upcoming U.N. climate negotiations in Dubai, citing his work on renewable energy projects.

By Jon Gambrell, Associated Press

Nation Dec 11

Investigators, cleanup crews begin scouring oil pipeline spill in Kansas
Keystone pipeline shuts down after oil spill in Kansas creek

An oil spill in a creek in northeastern Kansas shut down a major pipeline that carries oil from Canada to the Texas Gulf Coast, briefly causing oil prices to rise Thursday.

By John Hanna, Heather Hollingsworth, Josh Funk, Associated Press

Nation Dec 09

FILE PHOTO: Keystone pipeline shut after 14,000-barrel oil spill in Kansas
Keystone oil spill in Kansas is largest in pipeline’s history, federal data shows

An oil spill in a creek in northeastern Kansas this week is the largest for an onshore crude pipeline in more than nine years and by far the biggest in the history of the Keystone pipeline, according to federal data.

By John Hanna, Ryan J. Foley, Heather Hollingsworth, Associated Press

Oct 06

Watch 5:51
How the OPEC Plus production cuts will impact the economy and Russia’s war in Ukraine

By Amna Nawaz

Oil-producing countries including Saudi Arabia and Russia agreed to cut production by a significant 2 million barrels a day to boost prices. The move is being seen as a big setback to the Biden administration before the midterms and something…

Continue watching

Feb 11

Oil from federal lands tops 1 billion barrels as Trump eases industry rules

By Matthew Brown, Associated Press

Oil production from federally-managed lands and waters topped a record 1 billion barrels last year, federal officials said Tuesday, as technological advances helped drive development in new areas and the Trump administration eases rules on the industry.

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Jan 22

Trump administration approves Keystone pipeline on U.S. land

By Matthew Brown, Associated Press

The Trump administration has approved a right-of-way allowing the Keystone XL oil sands pipeline to be built across U.S. land.

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Oct 31

Keystone oil pipeline leaks 383,000 gallons in North Dakota

By James MacPherson, Associated Press

Crews on Tuesday shut down the pipeline that carries tar sands oil from Canada through seven states after the leak was discovered.

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Aug 31

Rick Perry releases 500,000 barrels of crude oil to prevent spike in gas prices

By Matthew Daly, Associated Press

The petroleum reserve was created in the wake of the 1970s Arab oil embargo and stores oil at four underground sites in Texas and Louisiana.

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